2 weeks Ago By Defense World Staff
Mayport LLC lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 1.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission.
The fund owned 2,941 shares of the financial services provider’s stock after selling 54 shares during the quarter. Mayport LLC’s holdings in JPMorgan Chase & Co. were worth $705,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in JPMorgan Chase & Co.
by 3.2% in the 3rd quarter. Principal Financial Group Inc.
now owns 5,824,289 shares of the financial services provider’s stock valued at $1,228,110,000 after purchasing an additional 182,648 shares during the last quarter. United Bank raised its stake in JPMorgan Chase & Co. by 2.
5% in the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock valued at $5,346,000 after purchasing an additional 614 shares during the last quarter. RKL Wealth Management LLC raised its stake in JPMorgan Chase & Co.
by 1.1% in the 3rd quarter. RKL Wealth Management LLC now owns 19,512 shares of the financial services provider’s stock valued at $4,114,000 after purchasing an additional 207 shares during the last quarter.
Mach 1 Financial Group LLC raised its stake in JPMorgan Chase & Co. by 12.5% in the 3rd quarter.
Mach 1 Financial Group LLC now owns 4,369 shares of the financial services provider’s stock valued at $921,000 after purchasing an additional 485 shares during the last quarter. Finally, Covestor Ltd raised its stake in JPMorgan Chase & Co. by 13.
8% in the 3rd quarter. Covestor Ltd now owns 1,461 shares of the financial services provider’s stock valued at $309,000 after purchasing an additional 177 shares during the last quarter. Institutional investors and hedge funds own 71.
55% of the company’s stock. JPMorgan Chase & Co. Trading Up 3.
4 %JPM opened at $232.94 on Friday. The firm’s 50 day moving average is $258.
29 and its 200-day moving average is $238.70. JPMorgan Chase & Co.
has a 52-week low of $179.20 and a 52-week high of $280.25.
The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.
24. The firm has a market capitalization of $651.31 billion, a P/E ratio of 11.
80, a P/E/G ratio of 2.83 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.
81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78.
JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.
99%. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.
90 billion. During the same period last year, the business earned $3.04 EPS.
The business’s revenue was up 10.9% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co.
will post 18.1 EPS for the current fiscal year. Wall Street Analysts Forecast GrowthA number of research firms have recently commented on JPM.
Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.
00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $276.
00 to $287.00 and gave the company a “buy” rating in a research note on Thursday, January 16th. Barclays upped their price objective on shares of JPMorgan Chase & Co.
from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th.
Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.
00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Bank of America upped their price objective on shares of JPMorgan Chase & Co. from $260.
00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock.
According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.89.Read Our Latest Stock Analysis on JPMInsider Transactions at JPMorgan Chase & Co.
In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th.
The stock was sold at an average price of $269.84, for a total transaction of $10,119,000.00.
Following the sale, the chief executive officer now directly owns 158,381 shares of the company’s stock, valued at approximately $42,737,529.04. The trade was a 19.
14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co.
stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.
82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80.
The trade was a 6.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here.
Over the last ninety days, insiders have sold 46,326 shares of company stock valued at $12,448,445. 0.79% of the stock is currently owned by insiders.
JPMorgan Chase & Co. Company Profile (Free Report)JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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